The client is a leading global semiconductor manufacturer with over 50 years of expertise,
encompassing innovation and excellence in its company. This business focuses primarily on
four business sectors, including wired infrastructure, wireless communications, enterprise
storage, and industrial needs.
The client reached out to EquipNet for assistance closing the entire telecommunications division of its company, which included over 20 facilities spanning across the globe.
Facilities included locations in over five different countries – the United States, France, China, India, Taiwan, Korea and others. With an unknown inventory and a deadline approaching in six months, EquipNet had to act fast to ensure the client’s needs were met, while achieving the highest return possible.
EquipNet’s specialists included the following services for a comprehensive solution to the client’s asset management needs.
• Project Management • Appraisals & Valuations
• Site Closure Management • Dedicated Online Auction
• Onsite Inventory • Individual Asset Sales
• Worldwide Logistics • Sealed Bid Sales
• Global Consignment • Electronic Recycling
EquipNet was able to sell all of the assets for the client within the needed timeframe. Over 5,000 assets were sold successfully, generating over $7 million in sales for the client. Our Project Management team and Worldwide Logistics specialists oversaw all post-sale activity as well, including facilitating needs with third party vendors and more.